NTT supports pursuit of M&As in U.S. cloud computing sector

SAN FRANCISCO – NTT Corp. President Hiroo Unoura says he will pursue mergers and acquisitions of cloud computing-related companies in the United States.

By promoting M&As, and development, at a new research institute in Silicon Valley, the telecommunications giant hopes to achieve ¥2 trillion in overseas sales in fiscal 2016, up sharply from ¥954.1 billion in fiscal 2012, Unoura said in an interview in San Francisco.

NTT plans to expand its cloud computing operations in North America and emerging economies by utilizing a South African information systems company it acquired in 2010, he said.

“To meet the wide range of customer needs in the cloud computing business, we will continue with M&As and tie-ups,” he said.